dropped enough at 24 E 20?
24 East 20 Street #4 is a bit of a favorite on this blog, based on the number of times it has been featured in open house reviews and the fact that I hit it a long time ago as a brand new Corcoran listing at “20 East 20 Street” for $2.995mm (April 25: real 2,500 sq ft at 20 E 20). (It is now a PruDE listing.)
My most recent open house description was:
“2,500 sq ft” of classic open loft with custom kitchen, set up as 3 bedroom + 2 baths; a classic Long-and-Narrow layout with no side windows and all the plumbing squeezed into one rear corner, roughly 36 x 72 ft.
All that is still true, but the price tag has changed this weekend, from $2.895mm to $2.65mm – a healthy drop. Still with a very low maintenance of $1,150/mo.
I am puzzled that it has not sold, and suspect it will sell off this improved asking price. But I have been wrong before (on this one, from April 25):
Asking $2.995mm seems hardly out of line, given the size and “custom” kitchen and baths, while the maintenance is a paltry $1,150/mo. One interesting note about building finances is that this is an unusual loft coop that requires at least 35% down – which certainly implies a more stringent level of financial review than is true of many loft coops.
Has anyone set foot in it and care to comment?
Open House Sunday Nov 18 from 2 to 4 PM
© Sandy Mattingly 2007
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